Alchemy Properties Credits Buyer Confidence in Building
and Abundant Financing Options as Factors in Success

Just four months after announcing it was 50 percent sold, Alchemy Properties has achieved the 75 percent sold milestone at Griffin Court Condominium, located in Manhattan’s Hell’s Kitchen neighborhood.  Alchemy credits its universally lauded apartments, the 8,700-square-foot private courtyard (now in full bloom for the spring!), fair pricing and abundant financing options – the property has 10 approved lenders providing mortgages – for its recent success.

“Whereas we were already selling at a great pace, we saw an unprecedented increase in sales, averaging 1 to 2 homes a week after announcing that we were at 50 percent sold in January,” said Kenneth S. Horn, president of Alchemy Properties. “This is something we’ve seen at every development we’ve marketed since 2008.  Sales pick up significant steam with each passing milestone and sales hurdle. It’s just a matter of time before Griffin Court is sold out.”

Of Griffin Court’s 95 homes, only a limited range of spacious studios, two- and three-bedroom homes remain available, varying in size from 636 square feet to 1,747 square feet and priced from $690,000 to $2,995,000. Traditional end-loan financing and Federal Housing Administration-insured loans are available for qualified buyers.

All homes at Griffin Court feature luxury finishes, which include walnut-stained oak floors and doors, and custom Skyline windows for maximized views and light. Many homes include private terraces or balconies. Kitchens include sleek quartz countertops, high-end Poggenpohl cabinetry, and Viking and Bosch appliances. Well-appointed master bathrooms feature marble walls, radiant-heated flooring, Kohler fixtures and bathtubs, wall-mounted vanities, and steam showers for units with separate shower stalls. Private rooftop cabanas ranging in size from 250 to 500 square feet are available with some residences.

Located at 454 West 54th Street, Griffin Court features two eight-story towers connected by an expansive lobby with vast glass walls that overlook a private, two-story, 8,700-square-foot courtyard. Other amenities at the building include a 24-hour lobby attendant, a fully-equipped fitness center, storage space for each home, a live-in super, and a sophisticated video-intercom system. The building is also “smart wired” for Internet, cable and telecommunications. Residents can also enjoy one of New York City’s largest murals in their own backyard. Spanning 6,500 square feet on two exterior walls of the building, this special detail is completely unique to the development.

For more information on available homes at Griffin Court please visit www.griffincourtcondo.com <http://www.griffincourtcondo.com/> or contact Wendy Triffon at 212.732.0372 or wendy@alchemy-properties.com <mailto:wendy@alchemy-properties.com> .

Griffin Court (800 10^th Ave in Hell’s Kitchen) has received its Temporary Certificate of Occupancy and just recently opened its new stylized models. The development has an 8,700-square-foot private courtyard and is home to NYC’s largest mural, an expansive 6,500-square-foot depiction of greenery that brings color and life to 10^th Ave. The developer, Alchemy Properties, actually held a competition to choose the artist for the mural and received 70 entrees from as far away as Poland – but as luck would have it, the winning artist, Corinne Ulmann, was a Brooklyn native.

Griffin Court Condominium features two eight-story towers connected by an expansive lobby with vast glass walls that overlooks a private, residents-only, two-story 8,700-square-foot courtyard, the only private courtyard in the neighborhood.  The courtyard will include a variety of seasonal flora, a shaded upper level with seating, and a hopscotch court for children’s enjoyment.

Completed in late summer 2010, Griffin Court Condominium contains 95 luxury residences, including a wide selection of one-bedroom and one-bedroom-plus-den residences.  Additionally, studio-, two-bedroom and three-bedroom homes are available for choosing.  Residences range in size from 636 square feet to 1,829 square feet and are priced from $735,000 to $3,860,000. Financing is available for buyers.

All residences at Griffin Court Condominium feature luxury finishes including mahogany-stained oak floors and doors, and custom Skyline windows allowing for great views and light.  Private rooftop cabanas are available with some residences, which range in size from 250 to 500 square feet.  Other residences include 1,000-square-foot private terraces or balconies.

Kitchens include sleek quartz countertops, high-end Poggenpohl cabinetry, and Viking and Bosch appliances.  Well-appointed master bathrooms feature limestone and marble walls and countertops, radiant-heated flooring, Kohler fixtures and bathtubs, wall-mounted vanities, and steam showers.

Amenities at Griffin Court Condominium include a 24-hour concierge, a fully-equipped fitness center, storage space for each home, a live-in super, and a sophisticated video-intercom system.  The building is also “smart wired” for Internet, cable and telecommunications.

Residents will enjoy shopping at boutiques in the area and all of the stores in Time Warner Center, such as Whole Foods, Borders and Williams-Sonoma.  Clinton boasts a variety of dining, destinations for gourmet enthusiasts including Taboon, Bocca di Bacco, Blue Ribbon Sushi Bar & Grill, and Casellula.  Residents will also have easy access to New York’s many cultural and educational experiences including Lincoln Center, Alvin Ailey, Carnegie Hall, Central Park, Hudson River Park and countless theatres and museums.

There are open houses each Wednesday from 5-7pm and Sundays from 1-4pm. And currently, Alchemy Properties is offering 15 percent off to the first 15 buyers!